The Rath Overlay (May 20 2016)

This is a sample entry from Drew Rathgeber’s newsletter, The Rath Overlay, published on Friday, May 20, 2016.

In this week’s charts, I’m focusing on the weekly charts for some markets – in my opinion these weekly charts show a turning point in particular for the US Dollar using the ‘Rath Overlay’. What does this mean? This could be bullish for the commodity complex in the coming weeks. Stay tuned.

In The Markets

Emini S&P – ESM6 (Jun ’16)

Nice bounce off the EMA’s yesterday and holding from the weekly chart.

Gold – GGCM6 (Jun ‘16)

Looks poised for a nice bounce and possible re-challenge the $1,300 just going to take a bit of time.

Soybeans – ZSN6 (Jul ‘16)

Crude Oil WTI – GCLM6 (Jun ’16)

Bounced off overhead resistance of $47.00 per barrel for the June contract, look for a countertrend retracement to around the $45.00 area.

T-Bonds – ZBM6 (Jun ’16)

Nice long entry hitting support on the weekly chart.

U.S. Dollar – DX-MM6 (Jun ’16)

This is probably the most interesting chart for this week, the weekly US Dollar showing it’s coming to strong overhead resistance. Based on this chart I would say we are probably getting close to an end of the counter trend bounce.

Risk Disclosure

This material is conveyed as a solicitation for entering into a derivatives transaction.

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.

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About Drew Rathgeber

Drew began his career at one of the nation’s largest physical spot bullion dealers in 2003. From there he made the transition into commodity futures in 2006. Because he has worked on both sides of the fence, ‘Spot’ and ‘Futures’, he has an astute understanding of how the precious metals markets can work for Retail Traders, Hedgers, and Commercials. He can use this knowledge to help investors and traders alike. Drew also has years of experience in electronic software execution, automated systems, hedging, newsletters, options strategies and outright futures contracts. Through his expertise in these areas, he can guide you and answer all of your questions while teaching you how to manage risk.

Today you can see Drew working in many different capacities in the commodity futures markets. You can even see his weekly IMA Live precious metals commentary every Tuesday and Thursday or sign-up for his weekly newsletter, the “Rath Overlay”, which highlights commodity futures markets and possible future events using his time-tested yet simple trading strategy.

Drew grew up near the popular surf beaches of Southern California. Drew is still an avid surfer and snowboarder. Currently his latest craze is United States Masters Swimming (USMS). He is a nationally ranked swimmer and enjoys competitive open water distance swimming.

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As Daniels Trading’s Chief Technical Officer, it takes a lot to keep a cutting edge brokerage firm connected. Security is always the #1 concern, but stability is tantamount as well, given the nature of trading and risk.

This material is conveyed as a solicitation for entering into a derivatives transaction.

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.